IDEAS home Printed from https://ideas.repec.org/p/tky/jseres/99cj13.html
   My bibliography  Save this paper

"Economic Development and Role of the State: with an emphasis on the Market Enhancing View"(in Japanese)

Author

Listed:
  • Masahiro Okuno-Fujiwawa

Abstract

In newly emerging industries, such as the Information Technology industry, and developing economies, market organization itself is not well established. In this paper, we define "market" as a set of "institutions" and/or "organizations" such as legal and regulatory system and transactional and other custom. By doing so, we clarify the differences between the "ideal Market" which the neo-classical economics assume to exist and the market organizations that exist in the real world. Further, we investigate the role of ideal markets, especially in view of their roles in coordination and motivation. We then explain the market enhancing view about the role of government (or the state). That is, the government may be able to intervene the governance structure of market organizations and, thereby, may be able to promote the effectiveness of markets' functioning, when markets lack efficient institutional structure.

Suggested Citation

  • Masahiro Okuno-Fujiwawa, 1999. ""Economic Development and Role of the State: with an emphasis on the Market Enhancing View"(in Japanese)," CIRJE J-Series CIRJE-J-13, CIRJE, Faculty of Economics, University of Tokyo.
    • Handle: RePEc:tky:jseres:99cj13
    as

    Download full text from publisher

    File URL: http://www.cirje.e.u-tokyo.ac.jp/research/dp/99/cj13/contents.htm
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:tky:jseres:99cj13. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CIRJE administrative office (email available below). General contact details of provider: https://edirc.repec.org/data/ritokjp.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.